Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: Today's pop builds on a 28% pop yesterday, on news that InterDigital's board had initiated a "strategic review" that could result in a sale of the company, and a 17% pop on July 1, as investors reassessed the value of InterDigital's patent portfolio based on strong bids for Nortel's patent portfolio.
Now what: InterDigital's patent portfolio is rich in intellectual property in the hot wireless communications/mobile sector, a key strategic focus for Google. Google bid on Nortel's patent portfolio, but lost out to a consortium that included Apple
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